The Performance of Gold This Year Is Disappointing, Right?

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Gold has done fine in pretty much every currency except the US dollar. The main explanation for this is that we now live in a world where most of the physical demand for gold comes from emerging markets. When emerging markets do well, as they did from 2001 to 2011, the gold booms. Every guy getting richer in Jakarta or Bangkok or Beijing or Lahore or wherever else, he'll put it into gold.

IN THIS EPISODE, YOU’LL LEARN:

02:52 - Louis’s current assessment of the global economy and financial markets.
06:15 - Why Louis thinks the current price of the S&P has not fully priced in the risks of a recession.
07:52 - Is now the time to buy the dip or remain more defensive?
07:52 - How to approach investing in a bear market, and what investments Louis sees as the most promising sectors.
10:39 - Why he believes the energy sector is in a new structural bull market.
17:54 - Louis’s outlook on Chinese equities including Alibaba, and emerging markets.
26:08 - How to construct a well built portfolio using Louis’s 6 building blocks framework, and examples of investments that fall into each.
36:26 - Louis’s 4 quadrant framework used to link different macro environments to an appropriate investing strategy.
40:49 - Why gold hasn’t performed as expected this year in USD terms, and Louis outlook going forward.
47:48 - Why Louis thinks moving to a deflationary bust is not likely.
52:40 - The risk of China de-dollarization, what this means and what implications this would have for global markets.
And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

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Related Episode: Risk Management Techniques & Studying Warren Buffett w/ Max Rudolph - MI193.

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